It aims at providing foreign investment opportunities to the traders. The index currently stands at 3660 points. Under his leadership Nasdaq Dubai launched equity derivatives on UAE stocks in 2016 and on Saudi stocks in 2019. … DFM, the Arab world's only publicly listed stock exchange, acquired 67 per cent of NASDAQ Dubai through a cash and share payment in May. For more information on Drake & Scull International PJSC, visit http://www.drakescull.com/PJSC/. Marketing and Business Development Associate (UAE National), Vice Chairman and CEO, Drake & Scull International PJSC. It has been designed as a hedging and investment mechanism for GCC and international investors. Essentially, a bond is a debt instrument sold by companies or governments where the The IPO and listing of free zone companies comes in … Neither of DFM or NASDAQ Dubai shall be liable for any loss suffered, directly or indirectly by any person acting in reliance upon the Information contained herein. Click here. In addition, the DFM acquired Nasdaq Dubai in December 2009. The value of shares traded reached during April AED 7.539 billion, compared to AED 5.190 billion recorded during March, an increase of 45.3%. Dubai Financial Market Signs Deal to Trade Futures on Nasdaq Dubai Published October 23rd, 2017 - 10:31 GMT Trading of DFM General Index futures is expected to begin later this year. Trading has expanded rapidly on this market, which currently comprises single stock futures on 13 companies including eight that are listed on DFM. Dubai - MENA Herald: Dubai Financial Market (DFM) and Nasdaq Dubai today announced that the 14th round of the Annual Trading Game for students, the most popular educational competition amongst school and university students in the UAE and beyond, will run between 26 April and 10 May 2016. The majority shareholder of NASDAQ Dubai is DFM, which acquired two thirds of the shares in May 2010 from Borse Dubai and NASDAQ OMX Group. Dubai: Merger talks between Nasdaq Dubai and Dubai Financial Market (DFM) will be finalised within two weeks, DFM's executive chairman Eisa Kazim told reporters yesterday. The Information may not otherwise be reproduced and must not be distributed or transmitted to any other person or used in any way without the express approval of DFM and NASDAQ Dubai. Dubai Financial Market (DFM) and NASDAQ Dubai offer a selection of bonds including bonds listed by equity issuers, government bodies and institutions. This booklet explains how to trade on DFM and NASDAQ Dubai, from initially obtaining an Investor Number (NIN) to … In addition to our strong engineering business, we now have 5 clearly defined business units; construction, development, Oil & Gas, Rail and Water and Waste Water in Europe via Passavant Roediger. Investors can buy and sell seamlessly on both using the same Investor Number (NIN) on the same trading platform. Dubai Financial Market (DFM) and Nasdaq Dubai have signed a licence agreement under which futures contracts linked with the DFM General Index (DFMGI) will be traded on Nasdaq Dubai… Nasdaq Dubai/DFM, United Arab Emirates NASDAQ Dubai is a popular listing venue for Dubai centric issues. In 2010, the Dubai Financial Market consolidated its operations with Nasdaq Dubai to create a dynamic force in the region’s capital markets. NASDAQ Dubai's Retail Broker of the Month Award for April 2013 was Emirates NBD Securities. Dubai Airport Free Zone Authority (DAFZA), Dubai Financial Market (DFM) and Nasdaq Dubai held a first-of-its kind joint virtual webinar to introduce the DFM Main Market and Nasdaq Dubai Growth Market, that have been developed to provide initial public offering (IPO) and listing opportunities for free zone companies. The number of shares traded increased by 48.6% to reach 5.890 billion shares during this month compared to 3.962 billion shares were traded during March. The past few years have been a period marked by tough macro-economic challenges, both globally and within our region, creating many obstacles to our growth plans. DFM and Nasdaq Dubai, the UAE’s two other exchanges, will conclude a merger accord in one to two weeks, Kazim said at the press conference. 18-Aug-2020 China Construction Bank celebrates listing two green bonds on Nasdaq Dubai with total value USD 1.2 billion. The strategy adopted at our listing in 2008, of transferring the company into a full service general contractor with strengths in specific areas of infrastructure expertise was continued and is beginning to deliver. Since the operations consolidation between DFM and NASDAQ Dubai in 2010, we have made it even easier to trade securities on the two exchanges. NASDAQ Dubai outsources its trading and other key operational functions for to the Dubai Financial Market (DFM). DFM will introduce regulated short-selling of equities in coming period. It also further strengthens Dubai’s position as an international capital markets hub.”. 20 per cent of DFM's shares offered for public subscription; and that was the first of its kind in the region. This new initiative stems from the unique links between DFM and Nasdaq Dubai that created a favorable framework for various market participants, enabling them to actively participate in Dubai’s capital market. Dubai Financial Market (DFM) Dubai Financial Market ( DFM ) was established as a public institution in 2000. It is noteworthy that the DFMGI’s value increased from its base value of 1000 points in 2003 to a historic level of 8485 points in November 2005. 00 971 4 305 5455 . CSDs: DFM (United Arab Emirates), NASDAQ Dubai (United Arab Emirates) SMI Markets: United Arab Emirates CMIRR Markets: United Arab Emirates Date: 03 Feb 2010 NASDAQ Dubai Becomes Subsidiary of DFM - Update In an update to our previous newsflash, NASDAQ Dubai announced some technical and settlement changes to facilitate the consolidation of NASDAQ Dubai and Dubai Financial Market (DFM… Competition in DSI’s operating area particularly in the Middle East continues to intensify this means our margins, while competitive for the industry are still not where we would like them to be. The market capitalization increased at the end of April by 9.4% amounting to AED 223.4 billion compared to AED 204.2 billion at the end of the previous month. The difficult operating conditions served as an impetus to fast track our ability to adapt and create innovative solutions. Dubai Financial Market (DFM) announced the conclusion of its 11th Annual Stock Game, the most popular educational initiative amongst school and university students in the UAE, aiming at fostering the new generation’s investment culture. The launch of the index futures is a core element of the exchanges’ joint strategy to offer institutional and retail investors attractive new investment opportunities and a wider range of products. Arqaam Securities was the most active Member of the exchange by equities traded value in April 2013, followed by EFG-Hermes Brokerage (UAE) and then Deutsche Bank. The Abu Dhabi Government owns the ADX, while the DFM is 80 per cent controlled by Borse Dubai, which is also the holding company of NASDAQ Dubai. signed a Memorandum of Understanding (MoU) with the UAE Accountants & Auditors Association. 20 per cent of DFM's shares offered for public subscription; and that was the first of its kind in the region. For more information on Drake & Scull International PJSC, visit http://www.drakescull.com/PJSC. This new initiative stems from the unique links between DFM and Nasdaq Dubai that created a favorable framework for various market participants, enabling them to actively participate in Dubai’s capital market. The Consumer Staples and the Industrial sectors index has not changed during this month. Subject to regulatory approval, trading of DFMGI futures is expected to begin later this year with the support of leading UAE brokers, targeted at professional and institutional investors to enable them to take a macro view on the DFM market. NASDAQ Dubai outsources its trading and other key operational functions for to the Dubai Financial Market (DFM). The two exchanges will further increase their cooperation in order to make Dubai a leading international centre for trading and clearing a wide range of equity derivatives.”. "It is in the interest of everybody to consolidate. Prizes, certificates of appreciation and trophies were distributed during the closing ceremony in the presence of Ahmed Mohammed AlJaziri, Senior Vice President, Head of Corporate Services Division and Jamal Ibrahim Al Khadhar, Senior Vice President, Head of Human Resources and Strategic Planning Division, along with other representatives of DFM’s senior management and the educational institutions. The listing of SIB’s 500 million dollar Sukuk provides further support for the campaign to promote the ‘Dubai the Global Center of Sukuk’ initiative launched in January 2013 by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minster and Ruler of Dubai, in line with His Highness’s vision to position the Emirate as the Capital of Islamic Economy globally. The visit has enabled NASDAQ Dubai to meet a number of Indian companies in Mumbai and New Delhi that have strong links to the Gulf Cooperation Council (GCC) region. 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